According to the international company, it has no business affiliation and neither has it appointed Menzgold as their representative in Ghana.

A representative of Swiss Gold told Joy News’ Manasseh Awuni in an e-mail that, the Switzerland Company has nothing to do with the Ghanaian company contrary to what Menzgold has on its website.

This latest revelation is in sharp contradictions with what the Accra-based gold trader had earlier put across on its official website.

The Swiss Gold rep, in an email exchange with Manasseh stressed that, although an official from Menzgold Ghana contacted them but there was no any agreement of partnership or affiliation regarding their investments.

Swiss Gold trough their rep emphasized that, Menzggold Ghana has not purchase any previous metals from any of their affiliate companies, and neither has it render any of its services to the Ghanaian company.

The Bank of Ghana recently accused Menzgold Ghana of taking deposits from customers, a claim the company has refuted.

Shortly after the revelation, an official of Menzgold Ghana told Joy News' reporter that, information of their association captured on their website was to enhance their fortunes as a fledgling company in Ghana.

The Menzbank management member admitted that, the company no longer has business ties with Swiss Gold Global. Adding that, the company’s IT team is working to effect changes on their website.

The Ghanaian gold company has since issued a disclaimer on its website which reads: "Menzgold was an affiliate of Swiss Gold Global but opted out because there was the need to build to a formidable brand that is not dependent on any other brand."

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